Inside the research
United States Natural Gas Fund, LP
UNG Research profile · latest available data
Price overview
$11.13
▼ -0.42 (-3.6%)
| 52w hi | $16.90 |
|---|---|
| 52w lo | $9.63 |
| Vol | 43.59M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.84
| Short | -0.71 |
|---|---|
| Medium | -0.82 |
| Long | -1.17 |
computed 2026-09-27
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | -0.20 | |
| Sector | — | |
| Technical | -0.28 | |
| Earnings | +0.00 | |
| Sentiment | -0.57 |
macro × 1.00 · 2026-09-27
Business overview
The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S. (together, “ICE Futures”) or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.
Risk Metrics
| Beta vs SPX | -0.09 |
|---|---|
| Corr SPX | -0.03 |
| Annual vol | 59.1% |
| Annual ret | +1.5% |
| Sharpe | 0.03 |
| Max DD | -59.6% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-29 | Reg FD Disclosure, Exhibits | read |
| 2026-06-29 | Reg FD Disclosure, Exhibits | read |
| 2026-05-28 | Reg FD Disclosure, Exhibits | read |
| 2026-04-29 | Reg FD Disclosure, Exhibits | read |
| 2026-03-27 | Reg FD Disclosure, Exhibits | read |
| 2026-03-27 | Reg FD Disclosure, Exhibits | read |
| 2026-03-20 | Reg FD Disclosure, Exhibits | read |
| 2026-02-27 | Reg FD Disclosure, Exhibits | read |
| 2026-01-29 | Reg FD Disclosure, Exhibits | read |
| 2025-12-29 | Reg FD Disclosure, Exhibits | read |
| 2025-12-01 | Reg FD Disclosure, Exhibits | read |
| 2025-10-28 | Reg FD Disclosure, Exhibits | read |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | -$162.01M | +11.0% | |
| Net income | $34.23M | -19.6% | |
| Cash from ops | $127.15M | -17.9% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $11.05 | $11.20 | $10.86 | $11.13 | 43.59M |
| Sep 24 | $10.79 | $11.67 | $10.78 | $11.55 | 66.54M |
| Sep 23 | $10.87 | $10.92 | $10.67 | $10.87 | 48.67M |
| Sep 22 | $10.34 | $10.86 | $10.32 | $10.86 | 45.56M |
| Sep 21 | $10.30 | $10.40 | $10.23 | $10.26 | 21.35M |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →